FATF watchlist

The country will face threats of economic sanctions, if it is placed on Financial Action Task Force (FATF) watchlist. It is time steps were taken to eliminate opulent lifestyle of public office holders at state expense. Where else in the world, where over a majority of people live below the poverty line, expensive real-estate plots are allotted to those who are paid to perform assigned tasks? Quaid-i-Azam once said that Pakistan inherited the cancer of corruption, bribery and hoarding from the British Raj. Both India and Pakistan are facing these problems and remedial measures should be taken to deal with these serious issues.

Corruption exists in India even today, but the country has clamped down on flight of capital by public office holders by ensuring that there is no concept of dual nationality. Pakistan continues to be an ideal country for tax evasion, where black money and corruption thrives and laws exist to facilitate the transfer of money to foreign countries with unending amnesty schemes and institutions like the FBR, the National Bank and PIA dominated by dual nationals.

Malik Tariq

Lahore